C3 General General C3 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

Bank Appraised Value vs Market Value - complete mismatch?

Thread Tools
 
Search this Thread
 
Old 07-02-2009, 02:24 PM
  #41  
Frogday
Drifting
 
Frogday's Avatar
 
Member Since: Jul 2002
Location: Woodinville WA
Posts: 1,697
Likes: 0
Received 3 Likes on 2 Posts

Default

Originally Posted by JR's 81 vette
Old 07-02-2009, 02:52 PM
  #42  
ksvette74
Burning Brakes
 
ksvette74's Avatar
 
Member Since: Oct 2007
Location: N E area of state Kansas
Posts: 813
Received 0 Likes on 0 Posts

Default

NADA might not be too far off. Most, probably 90% of cars would fall into the low cat I think, which is about reasonable. To fall in the average category, it would have to not have any flaws that could not be found without some serious hunting, and then only minor flaws at that. A small stone chip here, maybe. No cracks in glass, no mods, etc. The high category would have to be a car that has probably less than 10k original miles, and now does not drive. not many of them, so most in the low.
Old 07-02-2009, 02:58 PM
  #43  
toolman1981
Racer
 
toolman1981's Avatar
 
Member Since: Jan 2009
Location: Near Round Top (pop. 90) Texas
Posts: 482
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by JR's 81 vette
I see a couple problems.
Never been a 1981 with a L-82, its an L-81
and all 1981s' came with factory a/c so take away the differential there.

The #s' in NADA come from information obtained from the actual sale of vehicles?
This proves a lot of people over paid for their cars...?
Does anyone Know for sure where they get their #'s
Old 07-02-2009, 03:49 PM
  #44  
Xanthophyll
Pro
Thread Starter
 
Xanthophyll's Avatar
 
Member Since: Jun 2009
Location: North Mankato MN
Posts: 639
Received 58 Likes on 28 Posts

Default

Well I found my first problem.

I found a nice puddle of pink fluid when I went to move the car today. Based on where it was in the garage, it was on the driver's side near the front tire area. Has an 'oily feel' to it and there was a pretty decent amount on the garage floor.

It's a 4-speed manual transmission.

Sigh.

Anybody have any ideas before I call someone? Power Steering fluid possibly?
Old 07-02-2009, 03:53 PM
  #45  
toolman1981
Racer
 
toolman1981's Avatar
 
Member Since: Jan 2009
Location: Near Round Top (pop. 90) Texas
Posts: 482
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by Xanthophyll
Well I found my first problem.

I found a nice puddle of pink fluid when I went to move the car today. Based on where it was in the garage, it was on the driver's side near the front tire area. Has an 'oily feel' to it and there was a pretty decent amount on the garage floor.

It's a 4-speed manual transmission.

Sigh.

Anybody have any ideas before I call someone? Power Steering fluid possibly?
check your power steering cylinder, mine leaked until I rebuilt it.
Old 07-02-2009, 04:00 PM
  #46  
RagTop69
Melting Slicks
 
RagTop69's Avatar
 
Member Since: Aug 2005
Location: Lincoln CA
Posts: 2,821
Received 200 Likes on 150 Posts

Default

Originally Posted by ksvette74
NADA might not be too far off. Most, probably 90% of cars would fall into the low cat I think, which is about reasonable. To fall in the average category, it would have to not have any flaws that could not be found without some serious hunting, and then only minor flaws at that. A small stone chip here, maybe. No cracks in glass, no mods, etc. The high category would have to be a car that has probably less than 10k original miles, and now does not drive. not many of them, so most in the low.
I think that the NADA site states clearly in their definition of a high value car that they are not talking about a trailered "#1" car and that most of those cars would be in museums and not on the used car lot. How many of these cars do you think have less than 10K original miles and are not in a collection someplace? NADA stands for the National Automobile Dealer's Association. Since they are in the business of selling used cars, do you think they might be motivated to overstate the value of a used car? Just sayin.
Old 07-02-2009, 05:13 PM
  #47  
Frogday
Drifting
 
Frogday's Avatar
 
Member Since: Jul 2002
Location: Woodinville WA
Posts: 1,697
Likes: 0
Received 3 Likes on 2 Posts

Default

Originally Posted by Xanthophyll
Well I found my first problem.

I found a nice puddle of pink fluid when I went to move the car today. Based on where it was in the garage, it was on the driver's side near the front tire area. Has an 'oily feel' to it and there was a pretty decent amount on the garage floor.

It's a 4-speed manual transmission.

Sigh.

Anybody have any ideas before I call someone? Power Steering fluid possibly?
If you look under your car you will probably see where it is leaking from the power steering cylinder or the hoses. I have seen posts from people here that have had luck using the power steering stop leak fluid, so that may be worth a try for a quick fix.

Ultimately, rebuilding or replacing the unit is the best solution.



Quick Reply: Bank Appraised Value vs Market Value - complete mismatch?



All times are GMT -4. The time now is 04:37 AM.